Apollo Senior Floating Rate Fund

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AFT : NYSE : Financial
$17.84 up 0.13 | 0.73%
Today's Range: 17.67 - 17.95
Avg. Daily Volume: 79800.0
02/24/17 - 12:31 PM ET
  • Last Ratings Update:01/31/2017
  • Price as of 01/31/2017 :$17.65
  • Net Assets:$263.44 Million
  • NAV:$18.13
  • Premium-2.65%
  •   
  • Peer Rank:16 of 29
  • Investment Rating:C+
  • Performance:C+
  • RiskC+
AFT Price Chart

SUMMARY


We rate Apollo Senior Floating Rate Fd Inc at C+. Positive factors that influence this rating include a greater than above average total return and low price volatility. The fund may be considered for investors seeking a Loan Participation strategy.


POSITIVES AND RISKS


Total return ranks above peers over the last three years. The Apollo Senior Floating Rate Fd Inc has returned an annual rate of 5.15% since inception. More recently, the fund has generated a total return of 7.43% in the last five years, 6.04% in the last three years, and 32.73% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 59% of them. It has also outpaced 56% of its competitors on a three year basis and 77% of them over the last year for the period ending 1/31/2017. On a year to date basis, AFT has returned 0.97%.

Downside risk has been below average. AFT has a draw down risk of -23.57%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.5%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 1/31/2017, the fund was trading at a price of $17.65, which is 1.9% below its 52-week high of $18.00 and 4.0% above its 52-week low of $16.97.

High expense ratio hinders performance. On total assets of $263.44 million, AFT maintains a high expense ratio compared to its Loan Participation peers of 3.01% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As AFT is a closed end fund, it has no front end or back end load.


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